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Buying on Margin. Your stock worth $10,000 on margin (50%). Now the value of your stock has declined $7,000 and you receive a margin call.
Buying on Margin.
Your stock worth $10,000 on margin (50%). Now the value of your stock has declined $7,000 and you receive a margin call. How much cash do you need to bring the margin back to the minimum level?
I need step by step explanation plus answer thanks.
9) Buying on margin. You purchase stock worth $10,000 on margin (50%). Now the value of your stock has declined to $7.000 and you receive a margin call. How much cash do you need to bring the margin back to the minimum level
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